Hammer

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Hammer

In candlestick charts, the representation of a trading day where a security trades significantly below its opening price for most of the day, but closes either above or close to the opening price. It is called a hammer because the candlestick representing the trading day looks somewhat like a hammer. It is not necessarily a bullish indicator, but a hammer may mean that the market is nearing a bottom.
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References in periodicals archive ?
Many hammer drills can be used as a regular drill by switching off the hammering action.
* Always wear eye protection when hammering. That keeps metal splinters from getting into your eyes.
The dual purpose function allows for "hammering only" or "rotation with hammering" for multiple applications, and the "no hammering while idling" feature helps increase the life of the tool.